ESGD - Global Trade Revives Amid Renewal Of Worldwide Goods Exports

2024-05-14 03:20:00 ET

Summary

• The worldwide PMI surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024.
• The seasonally adjusted Global PMI New Export Orders Index posted 50.6 in April, up from 49.8 in March.
• While the rise in goods trade was first recorded by the PMI in over two years, it was services at the fore in lifting global trade back into expansion.

The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade expanded at the start of the second quarter of 2024, thereby concluding the contraction streak of just over two years....

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